Post
Topic
Board Bitcoin Discussion
Re: A basic question about validating transactions and blocks..
by
pitiflin
on 12/05/2018, 22:43:07 UTC
In this explanation it seems it is saying one transaction = one block. There are thousands of transactions per block however.
No. One transaction is not equal to one block. The explanation clearly says that miners decide which transaction should be added to the block. Usually the ones with higher fees are preferred by the miners. Miners get a reward of a few bitcoins every time they mjne a block. So there's huge competition sort of thing here.